A survey of the chief financial officers of major global companies has found that a vast majority of the executives give President Donald Trump some or most of the credit for this year’s continued stock market rally. But Trump’s impact on jobs is another story.
The CNBC survey found that 77% of CFOs at least partly credit Trump for the bull run. Most felt the Administration’s regulatory rollbacks would have the greatest positive impact on their own companies. Far fewer of those surveyed believed the Trump Administration deserves credit for continuing low unemployment. About 51% of the CFOs said Trump deserves “none of the credit” for unemployment declining from 4.8% to 4.4%, and less than half gave him any credit for jobs created since he took office.
